The company in a filing disclosed that the deal is being facilitated through convertible instruments from its performing credit fund and will be directed towards improving infrastructure and capacities, upgrading tech, and nutraceuticals manufacturing facility.
Emkay Global was the exclusive financial advisor to Biodeal for this deal.
Piramal Alternatives is an institutional capital provider in India with a total of $1.5 bilmanagement.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Heavy selling by FPIs likely due to India's good returns
Govt to continue to rationalize duties as part of its efforts to build an investor-friendly nation
Energy transition to be delayed amid Trump's oil push
Energy transition, or the shift away from fossil fuels to renewable sources, remains crucial to combating climate change, but the progress could slow as US president Donald Trump pushes for boosting domestic oil and gas production, Jérôme Sevin, partner and global lead for energy and process industry at consulting firm Kearney, said.
Merchandise trade deficit widens in Jan
India's foreign trade has been hit by weak demand in major markets, geopolitical tensions, volatile commodity prices
Indian markets have detected a chill in India's American ties
Trump seems to have ended the 'Howdy Modi' era's camaraderie
New exercises to switch things up on bicep day
Cut the monotony out with biceps push-ups, lat pull-down curls and more
India's Gold Imports Rise 40.79% to $2.68 Billion in January
The country's gold imports in January rose by 40.79% to $2.68 billion on account of increasing domestic demands, according to commerce ministry data.
India Lifts Hindalco's Q3 Show
Hindalco Industries Ltd managed to sail through in the December quarter (Q3FY25).
Japan's KYB Corp exits its 51% stake in JV with Conmat
India's concrete equipment market is expected to grow to ₹230 billion from ₹88 billion, in four years
Take a new trade approach in response to Trump 2.0
Lowering tariffs will help India sign FTAs with others. Broadly, we should focus more on trade in services
Sotheby's Taps Into Indian Art Market Boom With Sales of ₹304 Cr in 2024
Risk-taking younger collectors, both from India and abroad, drive demand, representatives of the gallery said
